systems on TV shows and in interviews. ADT has recently reached a settlement with the Federal Trade Commission on the matter.
8. hhgregg (electronics retail) CEO approval rating: 36% (Dennis L. May) Employees: 6,100
hhgregg Inc. (NYSE: HGG) is a 58-year old electronics and home furniture retailer with 228 stores. Employees largely had negative views of the company, often criticizing its commission-based compensation model. Former and current sales staff also indicated that the commission structure, which rewarded employees for selling highly profitable items, often felt arbitrary or unfair. hhgregg has failed to impress shareholders as well. The company has struggled with declining sales and earnings of in recent years. Its shares fell more than 40% in the past year alone, even as the broader stock market has risen substantially in that time.
9. Family Dollar Stores (discount retail) CEO approval rating: 39% Employees: 58,000
Like many retail operations, Family Dollar Stores Inc. (NYSE: FDO) offers entry-level workers low-paying high-stress employment. Family Dollar has added hundreds of stores in the past several years, reaching a total of 8,100 U.S. retail outlets. According to numerous employee reviews, however, these new stores are the most likely to be poorly run with product shortages and overall chaotic management.
Family Dollar’s CEO Howard R. Levine received a 39% approval rating, hardly spectacular but better than a number of peers running companies with the lowest employee reviews. However, the opinion that matters most may be that of famed activist investor Carl Icahn, who recently disclosed a sizable stake in the discount retailer. Icahn has announced that he will push for Family Dollar to sell itself via an acquisition or shareholder buyout.
10. Children’s Place (clothing retail) CEO approval rating: 27% (Jane Elfers) Employees: 16,500
Generous employee benefits - such as up to 30% off including clearance items - contributed to numerous positive reviews for The Children’s Place Inc. (NASDAQ: PLCE). Such perks, however, did little to offset complaints regarding low pay and difficulties in getting adequate hours. The company’s CEO is unpopular. According to Glassdoor.com reviews, just over one in four employees approve of the way CEO Jane Elfers is running the company. Shareholders, too, are likely unhappy with the company. Revenues have been flat in recent years, while earnings per share have declined in each of the past four years. Over the past year, the company’s share price has dropped by about 4.5%, even as the stock market has largely risen.
11. RadioShack (electronics retail) CEO approval rating: 46% Employees: 27,500
RadioShack Corp.’s (NYSE: RSH) abysmal performance in recent years has reflected poorly on senior management. Employees rated senior management 2.2 out of a possible 5.0 and less than half approve of CEO Joseph Magnacca. Many reviews cited low wages and poor benefits, conditions that often lead to employee dissatisfaction. While entry-level retail associates complained of inadequate hours, the opposite was true for store managers. One reviewer said that, considering the long hours managers put in, the increased salary isn’t really much higher. After a $400 mln loss last year for the second consecutive year, RadioShack said it could close more than 1,000 of its retail outlets this year, roughly a quarter of its U.S. company-operated stores. Despite RadioShack’s efforts to remain competitive in the ever-evolving electronics industry, the retailer is nearing irrelevancy. According to The Wall Street Journal, 25% of all electronics purchases were made online in 2013.